The committee which has recommended abolition of Tax Rebates Under Section – 88 of the Income Tax Act of India is

Kelkar Committee 2002

Impetus to direct tax reforms in India, came with the recommendations of the Task Force on Direct & Indirect Taxes under the chairmanship of Vijay Kelkar in 2002. The main recommendations of this task force related to the direct taxes related to increasing the income tax exemption limit, rationalization of exemptions, abolition of long term capital gains tax, abolition of wealth tax etc.

The main thrust of the recommendations is the removal of artificial allowances and deductions presently available under the various sections. With this, the task force envisages that the effective rate of tax will be closer to the actual rate of tax.